Summary: CGD Bank in Portugal does not directly offer cryptocurrency investing services through its online banking platform. That said, they do allow customers to transfer funds from CGD online into regulated digital asset exchanges to buy and sell crypto.
We recommend Uphold for users in Portugal because they offer fast and cheap deposits from CGD to trade over 250 cryptocurrencies with zero fees. Their exchange also offers crypto staking on assets to earn up to 25% APY on deposits.
- Trade 200+ Cryptos with fast Euro (EUR) deposits from Portuguese Banks.
- Stake Crypto and earn up to 25% APY on your assets.
- Trade Crypto, Stocks, ETFs, Metals and more with 0 fees.
How to Buy Bitcoin and Crypto with CGD Bank
As mentioned above, the best way to invest in cryptocurrencies with CGD Bank is with a European Securities and Markets Authority (ESMA) licensed trading platform. We recommend Uphold because they are regulated and offer instant Euro (EUR) deposits to trade the widest variety of crypto assets with no commissions.
You can get started in 4 simple steps:
- Sign up to the Uphold platform and verify your identity.
- Connect your CGD account to Uphold by selecting the 'Link a bank account' button on your dashboard.
- Deposit EUR via Bank Transfer, Debit Card or Credit Card from CGD Bank.
- Find the crypto you want to buy (over 200) and execute your trade.\
Is Caixa Geral de Depósitos Crypto-Friendly?
Yes, Caixa Geral de Depósitos is crypto-friendly and does not have any policies which prohibit customers from investing in digital assets. The only issue customers may have is if they try to deposit funds into unregulated trading platforms that are domiciled off-shore, such as Binance and Gate.io. Otherwise, customers should have no issues buying and selling cryptocurrencies with funds form their CGD Bank accounts.
About CGD Bank
Caixa Geral de Depósitos (CGD) is a Portuguese state-owned banking corporation and the largest bank in Portugal. Established in 1876, CGD operates as a public financial institution and plays a significant role in the Portuguese financial sector, providing a wide range of banking and financial services to individuals, businesses, and public entities.
CGD offers various services such as retail banking, corporate banking, investment banking, asset management, insurance, and real estate financing. In addition to its domestic presence, the bank also operates in international markets, with branches or subsidiaries in countries like Spain, France, Brazil, and several African countries. As a state-owned bank, CGD plays an essential role in supporting the Portuguese economy and implementing government policies related to the financial sector.
Final Thoughts
In conclusion, CGD Bank in Portugal, while not offering direct cryptocurrency investment services, is indeed crypto-friendly. Customers can easily transfer funds from their CGD online accounts to regulated digital asset exchanges, like Uphold, for seamless cryptocurrency trading. Uphold, an ESMA-licensed platform, allows users to trade over 250 cryptocurrencies with zero fees and even stake assets to earn up to 25% APY on deposits.
I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.
